Category: EV

Tesla Signs First Lease in India for Mumbai Showroom

by educatekaroin News, EV, India, StartupLeave a Comment on Tesla Signs First Lease in India for Mumbai Showroom

Tesla’s finally rolling into India! They’ve signed a five-year lease for a showroom in Mumbai’s Bandra Kurla Complex, starting February 2025. The 4,003-square-foot space costs $446,000 in rent for the first year. After delays from regulations and infrastructure woes, Tesla’s back to spark India’s EV scene in one of the world’s hottest car markets.

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Ola Electric Cuts 1,000 Jobs Amid Losses and Competition: Report

by educatekaroin News, Business, EVLeave a Comment on Ola Electric Cuts 1,000 Jobs Amid Losses and Competition: Report

Ola Electric is slashing over 1,000 jobs to tackle soaring losses, hitting Rs 562 crore last quarter—up from Rs 374 crore a year ago. It’s the second layoffs round after 500 cuts in November. Facing Bajaj Auto’s competition, Ola’s automating, restructuring, and using its 4,000 stores for inventory to boost margins and reclaim its EV edge.

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News Alert -> India’s AI Boom Faces Talent Shortage, 1 Million Workers Need Upskilling by 2027

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